Skip to main content

About your Search

20130329
20130406
SPONSOR
STATION
CNBC 1
DATE
LANGUAGE
Search Results 0 to 0 of about 1
CNBC
Apr 2, 2013 7:00pm EDT
, when this happens, we start to see fewer teachers getting hired, fewer police officers on the road. how should this play out? >> i'm to the right of a lot of people in the democrat cannic party. i think the unions have to engage in what obama called for and that is shared sacrifice. at the end of the day, we cannot continue to invest disproportionately in paying pensions if that means cuts in classroom investment and ultimately the unions have got to come to the table, calpers has to negotiate with stockton and relieve them of this pension debt. >> i thought he was our token liberal. >> surprise, surprise. >> i assume you agree, mr. simone? >> yeah. i've asked a lot of ex mayors, politicians, why didn't you do anything about these pension costs? and they point out you have to grandfather current people in, and the benefits wouldn't show up for 10 years, 20 years. so nobody got around to doing anything about it. what the court has to rule on here, federal bankruptcy law usually trumps state law and that may be the case. >> so that's where you might see a break on the pensions where
Search Results 0 to 0 of about 1